Finance News – Page 311
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NewsInterest rates remain at 5.25%
After last month's rise the Bank of England today voted to keep interest rates at 5.25%.
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NewsGalliford Try buys Linden Homes for £244.5m
Galliford Try's housing business will operate under Linden Homes banner as takeover propels group into housebuilder top ten
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NewsInterserve sack four executives over £25m ‘black hole’
Support services firm takes action after £25m was wiped from its industrial services division last year
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NewsWYG buys Turner Holden for £900,000
Payment could rise to £1.4m if town planning consultant hits performance targets in first year of trading
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Multiplex in takeover talks with Canadian asset firm
A takeover by Brookfield Asset Management could involve a partial buy back by Roberts family
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NewsBellway and Wren Homes upbeat ahead of interims
Bellway completions up 10% for six months to January 31 while Wrens interims are in line with expectations
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NewsSharp rise in New Year activity
Construction kicks off 2007 in style as commercial growth drives spurt in purchasing activity
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NewsArup’s profit jumps 268% – with a little help from China
Consultant cashes in on 2008 Beijing Olympic projects but growth reported in all areas
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NewsHopkins’ profit jumps 65% after ‘challenging’ period
Architect posts pre-tax profit of £1.4m – one of the best results in its 30-year history
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NewsSMC shares dip
Shares in architect SMC Group dropped one-third after the company warned that full-year pre-tax profit for the year ending 31 December 2006 would be below market expectations.
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HBOS to sell majority stake in McCarthy & Stone
HBOS is looking to sell most of its stake in retirement home specialist McCarthy & Stone just five months after buying it in a £1.1bn deal.
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Travis Perkins snaps up firm
Builders merchant Travis Perkins has bought insulation supplier Passmore Drywall & Insulation for £13.4m.
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Profit rises 16% at Welsh contractor Watkin Jones
Contractor Watkin Jones posted a 16% rise in pre-tax profit for the year ending 30 September 2006.
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Tata wins Corus takeover battle with £6.7bn bid
Tata Steel has come out top in the battle for UK steelmaker Corus after a four-month battle that culminated in an eight hour auction.
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NewsAlfred McAlpine acquires Enviros for £30m
Support services business buys environmental consultant from management team
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NewsBalfour Beatty buys US construction business for £184m
The UK contractor plans to build a significant operation in the US after buying Centex Construction
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NewsTata wins battle for Corus
Indian company's bid of 608p per share is enough to beat Brazilian rival CSN in nail-biting auction
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NewsTata may raise its bid to buy Corus
Indian steel firm is expected to increase its bid to 580p a share to secure takeover
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NewsJohnston sets up own firm after summer split at MDA
Former managing director of consultant aims for turnover of £10m by next year